Investments in Croatia are growing in spite of the difficult investment climate which typically sends most would-be investors running for the hills, or just across the border to more investor-friendly climes. Ivanec, a town in continental Croatia, is due to see a rather large business investment which ties in with massive technological advancements – robotics.
As Poslovni Dnevnik/Lucija Spiljak writes on the 7th of January, 2019, this is a 1.5 million euro investment, through which BGW obtained ownrship of 10,000 square feet of land on which the construction of an industrial hall and its accompanying area is set to begin this spring. The company BGW can currently be found in a hired space in a hall in Ivanec, and the company’s office space located in Varaždin has become, as company director Kristijan Danjko openly says, too small.
“The fleet that we own, as well as all of the construction equipment, is too big for the current premises we have and which we’ve got on lease. We selected the city of Ivanec primarily because of the benefits it provides, land prices there, documentation support, and their very approach to us as investors,” he explained.
At the Ivanec industrial zone, the plan is to build business premises of approximately 600 square metres, and 1,000 square metres of production halls. In the second phase of this investment, as was announced Danjko, on the very same plot they plan to build yet another business facility. “A meeting with the investment and competitiveness agency was held back in October 2018, where we were introduced to the possibilities of using the state incentives we’re now planning to use.
As previously mentioned, the planned investment is worth just over 1.5 million euro, and Ivanec, their location of choice, is also set to benefit from the move, as was explained by BGW. Two other companies – BGW Electronics and BGW Montaža, will also be located on the new premises. BGW Montaža was initially formed in 2013 and is involved in the installation of robots, transport belts, and more, while BGW Electronics was founded in February 2018 and deals with electrical engineering in Croatia and abroad.
At present, both companies employ about a hundred employees, and their plans are to continue on expanding. This planned investment in Ivanec, much like all other similar investments in Croatia, is likely to bring not only economic development and work positions, but a concrete demographic measure to help keep Croatia’s youth within the country’s borders.
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Click here for the original article by Lucija Spiljak for Poslovni Dnevnik